The fund seeks primarily capital appreciation in the long term and secondarily current income by investing in companies across any size in the United States.

The investment process is driven by fundamental research to identify companies demonstrating consistent revenue and earnings growth.

Next, the research team invests in varying proportions in categories such as basic value, consistent earner, and emerging franchise.

Basic Value companies operate in mature or cyclical industries and exhibit more economic sens

The fund seeks primarily capital appreciation in the long term and secondarily current income by investing in companies across any size in the United States.

The investment process is driven by fundamental research to identify companies demonstrating consistent revenue and earnings growth.

Next, the research team invests in varying proportions in categories such as basic value, consistent earner, and emerging franchise.

Basic Value companies operate in mature or cyclical industries and exhibit more economic sensitivity and/or higher volatility in earnings and cash flow.

The team considers consistent earners to be companies exhibiting characteristics such as predictable growth and profitability, and steady cash flow.

In addition, the team believes emerging franchises are companies that can rapidly grow due to a new product innovation or take share from players already in the market.

Also, the research process is driven by fundamental analysis of one stock at a time. When selecting stocks, the investment team seeks businesses with prospects for earnings growth, a sustainable business model, capable management team, leverage, return on invested capital, and attractive valuation metrics.

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest in companies of any size, but focuses on mid-and small-size companies.